EU's New 13th Sanctions Package Targets Russian Military and Tech Firms, Along with Over 100 Individuals

The European Union is working on a new 13th package of sanctions against Russia over its military invasion of Ukraine. In particular, it is proposed to impose sanctions on about 55 companies and more than 60 people, Bloomberg reports, citing relevant documents.

The sanctions will affect a number of companies and people involved in the production of weapons and the supply of key technologies and electronics used by Russian defence companies to create weapons.

"The proposals, which require the support of all member states before they can be adopted, will also target shipping companies that provide transport and logistics for the transport of munitions from the DPRK to Russia," the article says.

At the same time, the 13th package of sanctions is expected to be limited in scope. Some EU members are calling on the bloc to be more ambitious and add new economic restrictions to the list.

The EU intends to approve a new package of sanctions against Russia by 24 February.  

In February 2023, EU countries adopted the 10th package of sanctions against Russia. Restrictions were imposed on 121 Russian individuals and legal entities, including three banks, the Ministry of Defence and the Russian Foreign Intelligence Service.

In the summer of 2023, the European Commission agreed on the 11th package of sanctions against Russia, which includes measures aimed at countering the circumvention of previous sanctions. 

In December 2023, the Council of the European Union approved the 12th package of economic and individual restrictive measures in connection with Russia's ongoing war against Ukraine. 

As The Gaze previously reported, the EU has agreed to use the proceeds of frozen Russian assets to rebuild Ukraine.